I hate hypothecation. The provision of a service should not normally be related to some particular source of funding. If everything was hypothecated you would not have government borrowing or counter-cyclical fiscal policy.
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I'm neutral on hypothecation. In this case, a business tax is just the easiest and safest source of revenue to pay for something that everyone knows needs to be paid for.
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Sometimes you can connect the tax to where the benefit of the service falls. Eg fuel and car taxes can be hypothecated for road construction and repairs. But doing this can be corrosive, ring fencing funding sources from services yielding >> marginal social benefits.
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Subsidizing low productivity individuals to live in some of the most desirable land on the planet does not sound like a good idea. Probably more effective to reduce the cost of housing by zoning reform or build housing for them in the "Inland Empire".
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Nah you can't just relocate a ton of homeless people. Most SF homeless people are actually from SF. Of course, zoning reform is also good.
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Why are the mayor and Weiner opposing it?
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Like to me it feels like undermining the very elected officials that I trust to solve the issue. And I worry that’s going to subsidize bunch of organizations that just treat the problem but don’t actually get people off the streets.
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It also makes it feel like Democrats are no different than Republicans in their message of actually helping the common man. So why not vote for a a racist dictator because the other side isnt gonna help regular people anyways.
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Best article I could find on the reasons for their opposition. Seems procedural but who really knowshttps://sf.curbed.com/2018/10/25/18023980/prop-c-marc-beioff-london-breed-interview-homeless …
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The problem has nothing to do with big businesses, though.
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Rent = offices/houses
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Rewarding the privatization of rent = public policy.
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As a sort of quasi intra-marginal techie, I can say with absolute confidence that the primary challenges I face have nothing to do with wages, and everything to do with public policy that allows speculative forces to price me out of the region I work.
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Meanwhile in that same time period, those who locked in low mortgages have seen their home prices double. Do you believe these people are 'doubling' their productivity or are they rewarded by the efforts of others who own no land?
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You know Noah, my taxes could increase by 10% and my family would not notice it. It would not alter our life style in anyway. If you think about.. taxes are really just the cover charge for civilization. I don't mind paying more tax for my country.
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I thought Bezos was taking care of the homeless. Was that just a ruse?
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It is a good start, the problem of homeless is systemic, so prevention key
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